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20130321
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CSPAN2 57
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CSPAN
Mar 20, 2013 5:00pm EDT
loopholes and cutting wasteful spending in the tax code that benefits the wealthiest americans and biggest corporations. in addition to replacing sequestration with deficit reduction that is far more responsible, our budget follows the advice of experts and economists across the political spectrum who say it makes sense to invest in job creation in the short term while putting ourselves on a strong path to responsible and sustainable deficit and deficit reduction over the immediate -- immediate and long term. we believe that in order to truly tackle our economic and fiscal challenges in the real world and not just make them disappear on paper, we need a strong foundation for growth built from the middle out. so this budget invests in a $100 billion economic recovery protection plan to put workers back on the job, repairing our nations highest priority, deteriorating infrastructure and fixing our crumbling schools and installing critical educational technology like broadband that our students need to succeed. this plan creates an infrastructure bank to leverage public funds with private inv
CSPAN
Mar 18, 2013 8:30pm EDT
we spoke to grover norquist of americans for tax reform on this morning's washington journal. here's a portion of the conversation. >> host: welcome back to the "washington journal" and over -- grover norquist joins us. i want to get your thoughts on the news of the growth and opportunity project report out from the republican national committee, the chairman of the republican national committee is having a press conference that started a few minutes ago at the national press club, talking about changes that the party needs to make in terms of outreach, changes to how to dominate a presidential nominee. just on what you've heard so far? >> guest: first of all is important to do a postmortem on an unsuccessful campaign. republicans at every recent to believe that -- would capture the senate and when the white house as well and it didn't happen. now at the same time republicans had 30 governors and democrats have 20 and at the state level more republican state legislators than democrats. there are 25 states where republicans have united control in both houses and only 12 states, less
CSPAN
Mar 18, 2013 12:00pm EDT
. he's planning this year to abolish the corporate and individual income tax, moving in a very different direction than the national democrats want to and winning elections with that approach. so there's a lot to be learned both by the failure of the romney campaign and the senate races and the successes the republicans have had at the state level. >> host: and we're taking your calls in this segment with grover norquist with americans for tax reform. the phone lines are open. democrats, 202-585-3880. republicans, 202-585-3881. independents, 202-585-3882. grover norquist known as an expert on some of these budget issues. you bring up the senate budget that we saw from budget chairwoman patty murray last week with. talk about that and how you think it compares to paul ryan's budget. >> guest: there are two major differences. they certainly go in different directions. the paul ryan budget balances in ten years and does not raise taxes. patty murray's budget never balances and raises taxes $1.5 trillion over the next decade. so what the democrats and patty murray are saying in add
CSPAN
Mar 20, 2013 9:00am EDT
on a new tax release coming in the years for the creative industries like high end television and animation with new support for our world class visual effect. to help small firms increase. spend through the small business research initiative. we will fund the proposal po make growth available to small firms seeking advice on how to expand. and putting new control on what regulators can charge by giving a new requirement to have a -- growth perspective of employers. mr. deputy speaker, a vital sector for our economy and the cost of doing business is energy. creating a low carbon economy is done by create jobs rather than -- was a major step forward for new nuclear. today with help of we are also announcing our intelligence to take two projects to the next stage of development will support the manufacture of mission vessels in britain with new takes incentive and the honorable members has urged do you passionately and in a nonpartisan way about the damage of doing the famous ceramic industry and persuaded me we will exempt from next year the industrial processes for the industry and others f
CSPAN
Mar 20, 2013 8:00pm EDT
as quickly as possible. now, we had the discussion earlier about taxes and we thought that we had worked the tax problem for and everybody preserved people's taxes for 99% of the people and we thought that there were going to be some spending cuts coming. somebody sent me this little chart that i have to share. this says "republican" on it. "okay, i'll raise taxes if you promise to cut spending." well, lucy, it's a "deal." but we've been watching this cartoon for years and years and we know what happens. when we go to pick up the spending cuts, the football suddenly gets lifted out of the way and we wind up on our back. the american public winds up on its back. that's not the kind of spending cuts we're looking for. we're looking for some real spending cuts. not just a decrease in the growth but some real spending cuts. and there's -- there's a way to do those. wyoming has been faced with probably an 8% in reduction in its income. how did it handle it? the governor, seeing that coming, got ahold of every department and program and said, i need a plan from you for how you would cut 2%, ho
CSPAN
Mar 20, 2013 7:30am EDT
every with me that today we need a blue-collar conservative project which has taxes are people who work hard, do the right thing and want to get on? stop spending billions of pounds we don't have on overseas aid where we saw -- helping with their cost of living -- [inaudible] >> first of all, can i thank the honorable frien thing for givine the opportunity to remind people that even before this budget in two weeks time there will be a tax cut for 24 million people in our country? [shouting] as we raise the amount of money you can earn before you pay tax come we will take an over too many people out the tax altogether. we have frozen the council tax. we have canceled fuel duty increase after fuel duty increase, and we are legislating -- and i can also tell him where not going to carry on with a proposal made by the previous energy secretary which was about 179 pounds on everybody's bill. we decided to scrap that. >> ed miliband. [shouting] >> trento want to ask the primers about the situation in cyprus. can the prime minister update the house what is being done to protect the british nat
CSPAN
Mar 13, 2013 9:00am EDT
medicare and raise taxes on middle-class families all while handing out more tax breaks to the wealthy. the ryan republican budget is anything but balanced and it reflects the same backward value americans rejected in november. instead of asking the wealthiest to contribute their fair share, the ryan republican budget demands middle-class families pay more in taxes. instead of ending wasteful corporate tax loopholes, it basically ends medicare. in fact, the ryan republican budget takes special aim at health care. it would eliminate free preventive health services for 34 million americans. the ryan republican budget would increase prescription drug prices for seniors by $2.5 billion in one year. it would end the coverage guarantees for 3.1 million young men and women on their parents health plans. the budget would end coverage for mammograms, cervical cancer screenings and contraception for more than 47 million women. and it would allow insurance companies to deny care for 17 million children simply because they were born with a heart defect or some other illness. these drastic cuts wil
CSPAN
Mar 13, 2013 11:00pm EDT
responders. we have hotlines that can be reached are taxed, through phone, or e-mail. restrict good reporting is something that i know is difficult to completely understand. the truth is to give options to come forward. ideally we want people to come forward and make an unrestricted report so we can pursue accountability aggressively. but not everyone as we heard this morning so difficult to come forward, the courage to come forward, trust to come forward. we are working to earn not. until we do and until an individual finds the courage by the people around them, they have the ability can make a restrictive report, which allows them to get medical care, counseling a victims support without going through the accountability process. it is our hope that i support they will find courage to change into an unrestricted. >> attends expired so i will turn now to senator graham. >> thank you. this is an emotional topic so i'll be pushing back some of the things said. having said that, please do not mistake pushback for an understand and the sexual assaults in the military need to be addressed to me to
CSPAN
Mar 19, 2013 5:00pm EDT
to end medicare as we know it. nobody, as in the ryan budget, wants to reduce taxes dramatically on the wealthiest americans -- 39% to 25% -- and then take away deductions from middle-class people, good deductions that make sense like the mortgage deduction, the charitable deduction, the retitle deduction, the health care reduction. no, no wants to do that. and no one wants to eat our seed corn. investment in education, investment in infrastructure, investment in sign b scientific research in order to keep narrow loopholes open, reductions if you move the business overseas. no, they don't want to debate that. but now we have a budget. because of the leadership of the chair of the budget committee and the members of her committee -- and, by the way, this is no -- this is not a small group of democrats. it runs from our most liberal members to our most conservative members, all united around the budget that is fiscally responsible. it meets the gramm-rudman -- i mean, i'm on old guy -- the simpson-bowles constraints, budget target. it invests in jobs in the economy, and closes loop
CSPAN
Mar 15, 2013 11:00pm EDT
the budget. that would eliminate the deficit. on the senate side, we have accommodation of raising taxes by getting rid of unspecified tax loopholes and also cutting spending in areas like on subsidies and making changes to programs like medicare and medicaid. the democrats are pushing forward their plan. but right now there is no bipartisan plan to merge. in this slow and thoughtful thing, we will have to wait and see. >> i know you don't like the editorials from the publication "the wall street journal." this title is a key to the senate democrats play a role in the budget negotiations. beginning with these words, ring the church bells and set up the white smoke. senate democrats have released their first budget in four years. give patty murray credit for finally proposing something in public view. but after reading the document, we can say we can see why the democrats were so reluctant for so long. then the editorial spells out some specifics. >> they did not put forward a budget for warriors. we went through a crazy for years with the economy. we went to the financial crisis and the
CSPAN
Mar 19, 2013 9:00am EDT
't the president, but the governor of california, and tax reform happened in that state. and it wasn't until later, ironically back in california, when ronald reagan as the president signed into raw the economic recovery -- into law the economic recovery act. real reform happened in the states. as was mentioned yesterday, there are now in america some 30 states that have republican governors and nearly as many that have republican legislatures. [applause] and so that's the good news. the good news is we have success, and it's happening in our states, and we can learn from that to tell our friends and our colleagues in washington how to move forward. because, you see, in the states to be successful we have to be optimistic. we have to be relevant. and most importantly, we have to be courageous. let me talk to you a little bit about each of those three things. you see, when it talks about being inspirational and optimistics, one of the things that's interesting is when i first ran for governor -- i have to say first because who would have thought i'd have to get elected twice in the same term -- [la
CSPAN
Mar 14, 2013 5:00pm EDT
americans. seasked them to please shut theu tax takes because we understand the negative effect our taxes would have on our fragile o economy and the millions of americans still looking for alr work. it's also because we know washington democrats gotd rememe $600 billion in taxes they demanded earlier this year.han and $1 trillion they got in taxes from obamacare timegot in taxes from obamacare we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the democratic budget would increase democratic budget would increase they nearly 62%. it. and it will let medicare and social security drift ever closer to bankruptcy. and then there's the democrats' $1.5 trillion tax hike. that's trillion with a "t." let me just repeat that. any senator who votes for that budget is voting for a $1.5 trillion tax hike, the largest tax hike in american history. so the senate democrat budget is more than just disappointing. it's extreme. extreme. it's really one of the most extreme, most left-wing budgets of the modern era. it says something, i thin
CSPAN
Mar 17, 2013 6:00pm EDT
taxes and all the things that reflect what conservatism was and presumably ought to be but that isn't enough now. jack said today in reaction to lugar's defeated if we continue to move towards purity we will move to your relevance and along the way the country in effect is going to go down the tubes. that i think is a clarion call and you get the clarion call coming from people liked chuck hagel and the lugar and jack danforth not just from us that all to shake people about where we are and where we are going. and what we would hope has happened is with a degree of penetration that still put us from the "washington post" piece before the book is that all that credibility that we have built up would get out there and designate with people but this isn't just a couple people coming from one end of the spectrum saying it is all the fault of the people of the other end and this isn't 100% default of one party. there is plenty of blame to go around but this is the case of the system that's grown in this function as one party and has become an insurgent out lawyer. it means not to disappe
CSPAN
Mar 17, 2013 10:00am EDT
on the same critical topics today. what are the fundamental issues? must begin with tax. we know ronald reagan spent much of his life trying to cut for the average american. he was convinced it is the man or woman on the street didn't understand their dollar more wisely than the federal government. when governor jeb bush was in office, he cut taxes some floridians $20 billion. let's talk about the size of government. when matt mccomas in the wake has house come he to medically reduce the rate of federal spending and strove to reduce the size of the federal government. governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state's government payroll by 13,000 people. when ronald reagan cut taxes and reduce size of the national level, he did it to spread the free market, create opportunity and provide incentives for businesses to grow. over 20 million new jobs were created. and governor bush's state of florida, the similar philosophy and economic programs create a thriving city economy were 1.4 million net jobs were added du
CSPAN
Mar 19, 2013 12:00pm EDT
for considering is the tax and spending blueprint for fiscal year 2014. live coverage at 2:15 eastern here on c-span2. south carolina is holding a primary today in the 1st congressional house district. here's a look at that race. >> host: well, here is the front page of the state newspaper this morning, a story by gina smith for the island packet. turnout will decide today's election for the 1st congressional seat in south carolina. gina smith is joining us on the phone this morning. of gina smith, tell me about this race. who's running and why? >> guest: well, good morning from south carolina. this is like christmas morning for me, i'm so excited. [laughter] this is really an exciting race. we have 18 republicans, two democrats, an incredibly crowded field. but some of the names in this race just make it just delicious to watch. we have mark stanford, the former -- sanford, the former governor who most of the nation remembers as the guy who slipped out of the country in 2009 so he could go visit his mistress, and he -- everyone thought he was hiking the appalachian trail, but he was up to some
CSPAN
Mar 15, 2013 7:00pm EDT
. we have hot lines reached her tax, some come e-mail. restrict your reporting is something i know is difficult for people to completely understand. i think the truth is we are trying to give people options to come forward. ideally we want people to come forward and make an unrestricted report so we can pursue accountability progressively. but not everyone as we heard this morning is so difficult to come forward. the court should come forward, tries to come forward. until we do and until an individual's designs that are supported by the people around them, the ability to make the restrict report which allows them to get medical care, counseling and victim support without going through the accountability process. it is our hope that with the support they will find the courage to change into an underserved report. >> and time is expired so i will turn now to senator graham. >> thank you. this is an emotional topic so i will be pushing back to some of the things that here but having said that, please do not mistake the pushback for an understanding that sexual thistles in the military
CSPAN
Mar 16, 2013 8:15pm EDT
are the fundamental issues? we know ronald reagan spent much of his life trying to cut taxes for the average american. he was convinced that it was the man or woman on the street who knew how to spend their dollar more wisely than the federal government and he did all in his power to prove it by cutting taxes. governor jeb bush was in office he cut taxes on floridians by $20 billion. let's talk abut the size of government. ronald reagan was in the white house he dramatically reduce the rate of growth in federal spending and strove to reduce the size of the federal government. when governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state government payroll a 13,000. when ronald reagan cut taxes and reduce the side of the government on the national level he did it with a purpose in mind. it was to spur the free market, create opportunity and provide incentives for businesses to grow. in his years in office over 20 million new jobs were created governor bush's state of florida is similar philosophy and economic or grams created
CSPAN
Mar 13, 2013 5:00pm EDT
to the economic policies of the last administration. this is the path to more tax cuts for the rich but less opportunity for the middle class to get ahead. it is a path not to prosperity, which can only truly be built from the middle out, but to the deterioration of our national infrastructure and the decline of our schools and the dismantling of the medicare promise we've made to our seniors. this approach in fact was on the ballot last november. voters around the country rejected it. instead, they want an approach that puts the middle class first, that returns our nation to the fiscal and economic policies that have worked for this country before by focusing on jobs and the economy, cutting spending responsibly, and calling on the wealthiest americans to pay their fair share. the senate budget, mr. president, which we put out today, reflects the progrowth, promiddle-class agenda that the american people went to the polls and supported in november. our budget is really built on three principles. number one -- we need to protect our fragile economic recovery. create jobs and invest in long-t
CSPAN
Mar 13, 2013 7:30am EDT
thompson. >> isn't it the case the couple who separate could still at the nursing home without begging tax rule of wine? given this glaring loophole discouraging marriage, shouldn't his -- [inaudible]? spent first of all let me just say once again, it is only the labour party that could call welfare reform a tax. a tax is when you are money and the government takes away some of your money. what this is is a basic issue of fairness. there is not a spare room subsidy for people in private rented accommodation in receipt of housing benefit. so we should ask why is there a subsidy for people living in council houses getting housing benefit. it is a basic issue of fairness and this government is putting it right. >> thank you, mr. speaker. [inaudible]. tomorrow, open their brand-new state-of-the-art bussing plant. does my right honorable friend agree with me that a significant investments show that this government is making britain well-equipped to win the global race? >> and i think honorable friend is right. we do see investment taking place by large multinational companies like natalie recom
CSPAN
Mar 18, 2013 1:40am EDT
't know what to do with fat to get paid taxes, fall also walls but they are not able to take part in the things of the alexandria citizen was about to take part in. this is part of a program that the young local attorney had been working on for some time. >> he was a native of alexandria? wanting to be a lawyer for two reasons, one, there was a lawyer you're in town, thomas watson, who rented space from his father, and he became fascinated with what the lawyer did. the letter he took a trip on with his brother to d.c. and they were coming back and ask to move from the seats once the streetcar brought in alexandria by a patient that was there and they refused to that i believe there was tucker's brother all those that refuse to move from his seat and when they got off the street cars the woman filed that and so i sat down a policeman to have the young, old and a rusted and luckily the charge was confirmed out because the boys were really scared the charges would not be thrown out, but the judge felt like they hadn't created in the disturbance and they were not trying to do anything
CSPAN
Mar 13, 2013 12:00pm EDT
taxes feel like a round of golf. for this reason, there are some who believe the only way to expose obamacare and rescue the health care system is to let nature take its course, to let it go into effect as soon as possible. they say the sooner it collapses, the sooner we can repeal it and start over. the gentleman from texas and i and everyone else supporting this amendment rejects that logic. we cannot in good conscience send millions of immigrant americans into a dangerously dysfunctional health care system run by unaccountable if well-intentioned bureaucrats. we will not sacrifice millions of families to prove a political point. people's lives and livelihoods are at stake. the american people are not pawns in washington's partisan political gain. we work for them, not the other way around. as public servants, we have an obligation to protect the american people, those who elected us to serve. obamacare is going to hurt our country, our economy, our constituents, our friends and our neighbors. it is the single greatest threat to our economy and to our health care system. eventuall
CSPAN
Mar 12, 2013 11:00pm EDT
the financing is in place to get the exchanges going. >> host: the affordable care act had a new tax put in it. is that tax helping to pay for these exchanges? >> guest: not yet. the tax has been paid yet. there's multiple taxes that took effect this year that does impact their expert patients this year. but the long-term tax down the road will pay for coverage expansion, which hasn't begun yet. >> host: dan, democrat until such, oklahoma. >> host: i have a union contract. so much of it goes to my wages. so much of it goes to my pension. so much of it goes to my health care insurance and so much goes to humility. i have a really good package. what i hear about this health care act is something i'm not sure it is. maybe you could explain to me. what we've got to eca go out out in a year and i want these repair jobs and that $50,000 that year. this is just an example. say that my health care insurance is in my contract is valued at 15,000. while i have to pay taxes and $65,000 at the end of the year? that's what i was sure have. i'll hang up that much to answer my question. >> guest: i'm not sur
CSPAN
Mar 15, 2013 6:00am EDT
or to the level of payroll taxes. the idea behind switching to the chained cpi is it will reduce promised benefits, and it's really does help us get to that goal. the question is is this a good way to a college that goal? when we think about slowing the growth of benefits, i think it's important for us to focus not just on the level of benefits but on their structure. so the key russian here is given a level of lifetime benefits, what's the best way to pay that out over a person's retirement. now, what are the key features of social security, it provides a real annuity, and inflation indexed life annuity. that is, and if it's okay for life and they are adjusted for inflation. that's pretty rare in a private market. so it's a valuable thing for most people. it protection not just against outliving your savings but also against inflation. if we think that social security should be paid as a real annuity, one question we have to think about is how do we index benefits for inflation. that is, what is the appropriate cost-of-living measure. there are a couple of different options. there is the cpi-w wh
CSPAN
Mar 14, 2013 9:00am EDT
of the americans. i asked them to please shelf the tax hikes. that's because we understand the negative effect more taxes would have on our fragile economy and the millions of americans still looking for work. it's also because we know washington democrats already got $600 million in taxes they demanded earlier this year. and remember, that's in addition to the more than $1 trillion they got in taxes from obamacare as well. so now it's time for the balance they promised. washington doesn't need to tax more. it needs to finally figure out how to spend less. i said these things were the least senate democrats owed the american people, given their lack of responsibility in not producing a budget for the last four years. i'm sorry to report that the plan they put forward yesterday will do none of these things. none of them. instead of getting washington spending under control, their proposed budget doubles down on the same wasteful stimulus spending we already know doesn't work. we tried that. in fact, at a time when americans believe about half of every dollar they send to washington is wasted, the de
CSPAN
Mar 17, 2013 11:00am EDT
pay taxes, follow the laws, but were not allowed to take part in the things every alexandria citizen had time to take part in. a young attorney named samuel tucker had been working on for some time. >> samuel tucker was a native alexandria. wanted to be a lawyer for two reasons. it is a in town who rented space from tucker's father and became fascinated with what lawyer watson did. the other took a trip on a street car with his brother and to d.c. and they were coming back from d.c. and they were asked to move once the train can't alexandria. they refused. tucker's brother either refuse to move. when i got off the streetcar he looked up and fly down a police man and had the young man arrested. likely the charges were thrown out because the boys are scared charge is it not be thrown out, but the judge that they haven't created any disturbance of the train to do anything illegal, but it gives a sense being a lawyer j.d. power to make things right. >> report at 1939 kitty sargent named george wilson who worked to come into the library and apply for a card. wilson had been denied on tech
CSPAN
Mar 16, 2013 12:00pm EDT
was taxing the colonists. and do you remember taxation without representation, so you can trace the beginnings of the revolution to this room. this is the way it would have been when george washington came here for dipper with he and -- dinner when he and martha and the family would come. he not only dined here, but he also dined at various taverns, so let's go over and see gadsby's tavern which was probably george washington's favorite tavern. [background sounds] >> this is gadsby's tavern, probably george washington's favorite t.a.r.p.. he dined her frequently. there was a tavern on this site as early as the early 1770s. in the current building where the museum is today, it was build circa 1785, and the new addition on the corner was added in 1792, so the new addition is over 200 years old too. some of the famous people who dined here included john adams, thomas jefferson, james madison and james monroe. thomas jefferson had his inaugural dinner here. john gadsby had a terrific reputation for hospitality. he was known for the really great dinners that he would serve, so he was
CSPAN
Mar 16, 2013 7:00pm EDT
how difficult childbearing is so. tax cuts work. >> e-mails finance, i am encouraged by the feminists. among millenniums, young women. i think there really haven't, all of them. one of the things that i found interesting is a woman quite well known now, co-president of the company. she started out at 22 joining the only black own investment firm in the country. she was to identify right away by the president as being a woman of great talent and promise. when she was 24 he took her to meet one of the biggest sea as in the country. he said, grinning you to be president. and she elected to be his press upper. she jumped whenever he spoke, did everything that heat could including writing thank-you notes to the parents of his children sleepovers. and then at 28 in it president. and she was completely reoriented right up her mid-30s. submission which around and said, gee, it might be nice to have a day once in awhile or meat man. she went with somebody fairly prominent, the filmmaker star wars. they're now engaged. she is 43. she probably will never have children because she really did have
CSPAN
Mar 17, 2013 12:00am EDT
that means people's incomes went down and when their incomes went down that means how much they paid in taxes went down to the deficits automatically got bigger and on top of that we did run a stimulus program to counteract the magnitude of the financial crash created by wall street. so that is why we have a big deficit. now, the point though is that even with the big deficit, we do not have a fiscal crisis today. we do not have anything close to a fiscal crisis and i will give you a statistic that i hope conveys that i will explain why. we hear over and over and over again that we we are in this desperate situation. the amount that the government actually spends on covering its debts its interest payments today is actually had a historic low, not at a historic high. i know people find that hard to believe but it's it's true. again strictly from government statistics. today or in the last year the government paid 7.7% of its overall budget on interest payments. under ronald reagan, the great conservative icon and his successor george bush the first, the government was paying 17.2% total expen
CSPAN
Mar 14, 2013 11:00pm EDT
conversations] imac part of the debate included comments from republican senator ted cruz the tax base and senator frank stein -- feinstein. >> that they may pose a question to the leader in response to senator cornyn, you mention there's someone under pages of the bill that specify particular firearms that if this bill were passed, congress would have deemed prohibitive. it seems to me that although she began as a foundational document with the constitution. and the second amendment in the bill of rights provides the right of the people to keep and bear arms shall not be infringed. the term, the right of the people, when the framers included in the bill of rights, the same phrases found in the first amendment to the right of the people to assemble is also found in the fourth amendment to be free from at least the bull searches and seizures. the question i pose is witchy teammate consistent with the bill of rights for congress to engage in the same in ever we are contemplating doing that the second amendment in the third or fourth amendment. would she consider constitutional for congre
CSPAN
Mar 15, 2013 12:00pm EDT
street. fortune 500 ceo's embrace his tax hikes while small businesses shutter their windows. we're for millionaires and billionaires? come on. don't tell me democrats are the ones looking out for working families. the only thing this administration's economic policies have accomplished when it comes to class is to insure that the poor stay poor. [applause] s and that the middle class lose their ability to become rich. and that the richest among us are forever insulated, forever insulated by a government that protects them from failure. ladies and gentlemen, never before has there been so little risk that rich could become poor, or that poor could become rich. don't tell me democrats are the party of compassion. if you ask me, the liberal idea of helping the poor was to lot more like fly paper than a safety net. [applause] we're concentrated on enabling dreams. they're focusing on managing expectations. don't come to me with that and tell me republicans out of ideas when the entire democratic agenda was done in the truman administration. we're in the days of ipad and they haven't
CSPAN
Mar 19, 2013 11:00pm EDT
. moving us away from mistakes of the past and protected inlet and tax payers in the process. with this in mind, i look forward to hearing the testimony of mr. demarco. thank you. >> we now welcome mr. demarco is her sole witness in 2009 president obama designated mr. demarco as acting director of the finance agency, regulator fannie mae, freddie mac and the 12 federal thanks. mr. demarco is a civil servant with over 20 years of housing how was the experience, including stints at gao, treasury and au fait o. he holds both a ba and a phd in economics. without objection, mr. demarco's full written statement will be made part of the record after his oral remarks. members are advised that mr. demarco will be excused as her witness at 12:30 today. welcome to our committee again. you are recognized for a summary of your testimony at this time. >> thank you, mr. chairman. chairman has to latecomer it could number waters, and please to be here to testify. i submitted a detailed statement of work to engage in activist is the two essays on important topics discussed. fannie mae and fre
CSPAN
Mar 16, 2013 7:00am EDT
their tax dollars are insuring their deposits. they are going to ask how could we possibly balloon up to $6 billion loss and basically not only ignoring the facts but sort of endorsing the behavior for and it seemed that the traders seemed to have more responsibility and authority than the higher a executives. i have to go to a town hall meeting in arizona. you tell me what i am supposed to tell my constituents and with their tax dollars some of these deposits were insured, this kind of gambling went on when there are extreme difficulties in getting their home loan mortgages consummated and obtained but tell me, mr. bacon, what should i say? >> i think first of all, we should be clear that this whole thing is regrettable and unacceptable and we believe isolated but the onus of proof is on us to demonstrate how this can't happen in other places, how we whether the financial crisis well everywhere else and how we can make the entire firm a safer place to the satisfaction of you and everybody else and our regulators. this failed because of multiple things that should -- did not catch it. the t
CSPAN
Mar 14, 2013 12:00pm EDT
. and seeing these massive tax continue to happen. i mean, i thought it would in with the texas belltower, but it hasn't. universities, schools, movie theaters, law offices, places of employment. and these weapons become the weapon of choice. why allow them to continue? this bill doesn't take a weapon from anybody. it's silly talks about the future. it simply says if you possess one, you have to keep it safely, trigger lock him that if you sell to anyone but a family member, they have to have a background check. it affects clips and ammunition feeding devices. so people that want to go into a theater and killed 100 people can't do it with a 100 round magazine. i don't see that as being bad. i don't see that as harming america. because we have so many guns. no nation has more guns in their civilian society than we do. and you can compare murder rates with this isn't allowed to happen. you can compare it with the uk. you can compare with australia. and you will see a few double digits and then you'll see thousands in america. so how is this a bad thing to do? you know, i've been in this pol
CSPAN
Mar 14, 2013 8:00pm EDT
to have a progrowth tax structure not one is designed to take from some and give to others. and last but not least we believe in solving our debt problem not out of ideological reasons but is hurting job creation. jobs are not being created in america. they are jobs that are not being created in this country because we have a 16.5 chilean dollar debt and its only scheduled to get bigger. that problem has to be solved and the only real approach to solving it is a combinaticombinati on of fiscal discipline and rapid economic growth. there is no tax increase in the world that will solve our long-term debt rovlin. [applause] the second thing our government can help us do is help ourselves by requiring the skills of a 20% and that is why i think every parent in america should have the opportunity to send their children to the school of their choice. [applause] by the way we should encourage career in education. not everyone has to go to a four-year liberal arts college. [applause] we still need carpenters. recently plumbers. why are we still graduating kid with not just a high school dipl
CSPAN
Mar 16, 2013 3:30pm EDT
a book, said that a separate table and a library staff just not know what to do with that. they pay taxes, filed laws, but there were not allowed to take part in the things that every alexandria system was allowed to take part in. this was part of a program that young local attorneys and samuel tucker had been working on for some time. >> and native from alexandria. two reasons, the lawyer here in town who rented space from tech is father. he became fascinated. and then the other was to take a trip on a street car with his brothers into d.c. there were coming back from d.c. there were asked to move from their seats was the streetcar got into alexandria by white pitcher knew was there. there refused. refuse to move from his seat. when they got up there, got off the streetcar the woman saw and flag down a policeman and had the young man arrested. and luckily there were thrown out because the lawyers were really scared the charges would not be thrown out, but the judge had not created any disturbance and they weren't trying to do anything that was illegal, but it gave tucker a sense that bei
CSPAN
Mar 16, 2013 11:00pm EDT
to the as this government because they said, well, the fund company collect long-distance toll taxes. so it's a 10% tax and every long distance call. so if we teach people to make free phone calls you're depriving the government of the money that it needs to send people off to fight and die in vietnam. so they had all these different groups that want to use this technology. but the one that i really focus on and touched on in the book, but the one that this book turns up to secretly be about is the curiosity, the curious teenager's. my book is about people being playful, being curious about asking questions like what happens if i do this? if i can hear these towns, what if the machines in your me? what happens if i doubt this number is on the phone but? the team that just permeates my book. and i would like to share with you to stories. one of them is about a blind kid who was -- well to not let me just read about show. dahlia the phone and leave alone joe was about four years ago when his mother for a shot to death president. it was a shot he would hear again and again is to grow. his mother could be
CSPAN
Mar 17, 2013 9:00am EDT
't do cannot saying we should have a draft or that we need to raise taxes or when you have a national service requirement. that's not for me to say, but it's not sustainable for us to keep doing this. and keep sending these people to fight these wars, and the average american knows the names of more kardashians than medal of honor winners recipients. the names kia. so i think what this book did, for me, it was a way for me to confront this and myself, and a way for me to try to do one small part to try to correct this so that people would know the names of those who have served there, including those who made it back. because theirs is just as important. they are in many ways the walking wounded, and in that way it's been incredibly rewarding that people will have read "the outpost" and for the most part, liked it, enjoyed it is not the right word, but found it meaningful. and what i always say is, and this is not mocking -- this is not, it's not the poetry of some of the great war books of our time by hemingway or dispatchers or things they to do it to reporters but that i tried to w
CSPAN
Mar 17, 2013 12:00pm EDT
, their mission is to get tax revenue and the nonprofits are not fully -- and you also in your book that the affordable care act deems far much less money. you note it intends to -- squashed by politics or special interest. so these are all i think fantastic insight about the challenges. and then as a solution, in your solution section you talk about the need to reinvent government. and, unfortunately, i'm old enough to remember the attempt by al gore and reinventing government back in the day, and it seems like all the evidence from government, and all these challenges would argue that the champions for rent in the coming anytime soon are slim to nil. what do you think? >> guest: , supposed to disagree with that? >> host: you recommended it. >> guest: to entire different things. sure, so let's put the framework around that, this conversation for our viewers, which is as you know, the largest source of funding for the terrible sector by far is the federal government, outstripping all other sources, all sources buy for and including, larger than all collective individuals. >> host: i
CSPAN
Mar 17, 2013 5:00pm EDT
distance toll taxes, so it's a 10% tax on every long distance call, so if we teach people to make free phone call, we're dei have pry -- depriving the government of money to send people off to die in vietnam. so all these different groups that wanted to use this technology. but the one that i really focus on -- i touch on all of these in the book, but the one it turns out to be about is curiosity, about the curious teenagerrings. my book is about people being playful, about being curious, about asking questions like, you know, what happens if i do this? if i can hear these tone, what if the machines can hear me? what happens if i dial this number that's not in the phone wook? what if just permeates my book. and i'd like to share two stories on this theme. one of them is about a blind kid named joan who was -- well, instead of introducing him, let me just read about joe. hang up the phone and leave it alone. joe was about 4 years old when his mother first shouted that phrase at him. it was a shout he would hear again and again as he grew up. his mother could be forgiven for raising her
CSPAN
Mar 17, 2013 8:15am EDT
that was how to pay for the war. but they suggested ways taxing the columnists. remember taxation without representation. and now the room is set up for dinner and it would have been when george washington came for dinner, when he and the other demo maintained here, but also various taverns around town. so let's go over and see gadsby's tavern, which is george washington favorite tavern. >> probably george washington's favorite tavern. i miss episodes in the early teens centuries and within the cms today was built circa 1785 and a new addition was added 1782. but the new edition is over 200 years, too. other famous people who died here, including john adams, thomas jefferson, james madison. thomas jefferson had his dinner here. john cassidy had a terrific reputation for hospitality. he was no for the really great dinners he would serve. so use well-known all over the area and that's why the president of the united days to come here because it was probably the best place to eat in this entire area. the last year to establish restaurant in baltimore and washington city. when you think about
CSPAN
Mar 18, 2013 8:30am EDT
want to hold hack-a-thons in tax-heavy cities like san francisco, austin, denver and new york to forge relationships with developers and stay on the cutting edge. fourth, once our new operation is up and running, we'll embark on a data and digital road show to demonstrate what campaigns and state parties can do to enhance their own operations. the report recommended getting early buy-in from all partners. fifth, we'll upgrade gop.com as a platform, redesigning it to better utilize social media and serve an increasingly mobile audience. sixth, we're going to be setting up an rnc field office in the san francisco area. as we learned with visits to the silicon valley and conversations with top tech firms, many of the best minds are on the other side of the country. having an office there will make it easier for technologynologists -- technologists to join in our efforts and serve as a hub for our data and digital political training. by doing all of this, we'll enter 2014 and 2016 with a complete hi revitalized -- completely revitalized approach to campaign mechanics and technology. so fin
CSPAN
Mar 16, 2013 8:00am EDT
, sketches and diagrams. others contain these careful records as well as tax rising insights into randel's personal life between 1808 and 1823 because he drafted letters, copied contracts, mentioned family and friends and recorded travels for work and pleasure and my favorite part, recipes. randel's field books are -- [inaudible] of visiting and revisiting, recording, checking, correcting, certifying. it is not unusual for one book to have contained industries from as many as four years. irregularities unsettled randel. every field book attests to his precision and pursuit of perfection in his, his expenses, his schedules. even a rumination offered a window into randel's exact tuesday and his sense of humor. and i typed this out for you pause it's a long passage. -- because it's a long passage. fearing he will not have time to get it requests the lope of my horse and saddle -- the loan of my horse and sad saddle. he is going and returning 65 minutes and 32 minutes in getting and putting up the horse. the whole distance he could have walked in 43 minutes. [laughter] he is, therefore, 44 m
CSPAN
Mar 16, 2013 10:15am EDT
the union? he said, well, they take about as much of my paycheck as taken out in taxes. that's how he saw it. i said, well, why don't you find another job? he said, if i could, i would. so there's obviously concern, these dues that are flowing from these low-paying workers and mid-level workers to very well-paid presidents of unions, and these are all available online, the data, how much the union bosses work from the lm2 forms. >> yeah. i'd also add right to work is a great policy. we strongly supported it at heritage. beyond right to work, i mean, sort of beyond the obvious i think that you have some very good suggestions there. there's a number of states where unions have exemptions from antistalking laws. so pennsylvania, a number of other states, special exemption from anti-stalking laws just for unions. and that allows the unions to put a lot of pressure not just on employers like dave, but on individual employees. and i think those exemptions ought to be removed. there's also a lot of exemptions from the anti-extortion laws for unions. so there's another rico violation being prosecute
CSPAN
Mar 17, 2013 7:00am EDT
or workers should have the right to unionize. we should have a progressive income tax. or maybe the government should take some responsibility for protecting consumers against dangers medical products and medicine and unhealthy food and unsafe and unhealthy workplaces. if i said that maybe we should have a law protecting people from being harassed if they are gay or lesbian. if i said that we should have some kind of national health insurance, if i said that what we need in this country is an end to lynching and the right for african-americans to have the right to vote, all of those things and many more you think i was a utopian. you would think i was maybe somewhat crazy. i was unrealistic, i was impractical or maybe i was even a bolshevik or communist or socialist. and everything i just said is now taken for granted, things that our society accepts as normal. so one of the themes of my book is that the radical ideas of one generation are often the common sense of the next or subsequent generation. and the book is really about the 100 americans who made that happen. so people w
CSPAN
Mar 17, 2013 3:45pm EDT
of it, when i talk about other feminist taxes, students premise but they say by saying i am by no means a feminist and then they say something incredibly feminist. i wonder if you think there's a stigma for having the word feminist and what we can do to fix that. >> i said maybe we shouldn't fixate. most recently they don't consider themselves a feminist. as one of my colleagues wrote argued, maybe the fact to consider themselves a feminist means the term is no longer useful. she obviously believes many things we think of them students who believe the feminist things. so should we keep trying to make people aware a big sign or should we just be the fact that we may not see this bird is a sign of the success of the movement. is a tremendous success of the women on most marches? is a sign of succeeding that we don't need that word anymore and these ideas are so assimilated in two rdna that we may not need it anymore. >> i think what color sells women's advocates. say much more neutral term. feminists became a dirty word among gen x. obviously among your students we do have to get away fro
CSPAN
Mar 17, 2013 7:30pm EDT
library for all african-american patrons who are citizens of alexandria, who pay taxes and have a right to use that facility. they saw tucker on the street in alexandria, they say that they saw a man with his briefcase and a slightly rumpled suit, but he had a very determined walk, and he was always headed somewhere, and he always wanted to make things right for other people. e understood the injustice that was out there. he understood that african-americans had so much, a so much harder time than the white community to get a free trial or to get access to a free trial. and he wasn't successful all the time, but he tried, and he fought against the prevailing view. and i think that was one of the most important things about him. >> go to c-span.org/localcontent. >> you're watching booktv on c-span2. here's our prime time lineup for tonight. up next, alec foege presents "the tinkerers: the amateur, do it yourselves and ip eventer who is make america great." and then at 9 on "after words," kim goddess examines hillary clinton's role in u.s. diplomacy abroad followed by jeffrey frank whose
CSPAN
Mar 15, 2013 8:00pm EDT
to explain to my constituents when their tax dollars are ensuring their edits. they're going to ask, how could we possibly do when to $6 billion loss and basically there is not only ignoring the facts, they sure did receive the behavior and it seemed that the treaters seem to have more responsibility and authority than the higher up executives. i have to go do a town hall meeting in arizona. you tell me what i'm supposed to tell my constituents whose tax dollars, some of these deposits were insured when this gambling win nine, when either way they're having extreme difficulty in getting their home loan mortgages consummated in the change. tell me, mr. bacon, what should i say? >> first of all, we should be clear this whole name is regrettable and unacceptable and we believe the proof is on us now to demonstrate how this can't happen in other places, whether the financial crisis and how we make the entire firm if it replace for you and our regulators. this failed because of multiple things that did not catch it. the two obvious ones, trading oversight on the ground in london failed comple
CSPAN
Mar 17, 2013 1:40pm EDT
institutions should suggest that they oppose the administration on some issue whether it's a tax issue or it's a trade issue or something else, there will be a discreet warning from the fed that, well, you know, maybe you could tone that down a bit. we really don't have to have this kind of controversy, do we? that kind of message to the ceo, um, is the very essence of crony capitalism and will be made possible by the fed's control over all these other large institutions just as it has that kind of control right now over thebacking industry -- the banking industry. i don't want to take too much time here. i really am doubtful that the ola could be used, the orderly liquidation authority, could be used effectively to wind down citi. as soon as the fdic makes moves towards citi, everyone would run from citi, and the institution would become a shell. so, um, i think it's quite doubtful that the ola works. my own view is that we really have to beef up the bankruptcy law in order to deal with failing financial institutions. and in terms of wayne, if i can respond to some of the thing wayne said,
CSPAN
Mar 19, 2013 8:00pm EDT
look forward to getting the best balance and position for tax taxpayers as well as security. >> getting a lot of areas, you'll have mentioned the criminal network. i was interested. how organized and unified is it? is a criminal network? this is reminding me of the old james bond books where there was this criminal network in the 70s, they had a boss and a set of underlings and a structure. it is that we are dealing with? are we dealing with a bunch of random bad guys? >> it is somewhere in the middle. large cartels operate in a variety of different ways. senator, this is the dark side of globalization. we live in a world where there is connection and the ability to move them the best we can. that there will be entities, individuals, midsize groups, and they cartels that take advantage of this. if you think of the global economy as being about $60 trillion, some estimates are that are about 10% of the global economy. it is invested, if you will, in narcotics, human smuggling, cybercrime being the largest of all these areas, as well as the other things we have talked about. arms and cash
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